By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s rupee has gained 6.1% against the dollar so far in September, following an official clampdown on illegal foreign exchange trade in grey …
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By Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India has been frequently intervening in the non-deliverable forward (NDF) market to make sure that the rupee does not drop …
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KARACHI, Pakistan (Reuters) – Pakistan’s rupee closed at 299.6 against the U.S. dollar on Wednesday in the interbank market, touching a record low for the second day in a row, …
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By Siddhi Nayak, Jaspreet Kalra and Shivangi Acharya MUMBAI/NEW DELHI (Reuters) – India’s central bank is nudging local banks to ask their clients to settle trade between the United Arab …
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By Milounee Purohit and Anant Chandak BENGALURU (Reuters) – The Indian rupee will trade in a narrow range over the coming three months and then strengthen slightly in a year …
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By Shaloo Shrivastava and Anant Chandak BENGALURU (Reuters) – The rupee will hold on to its recent gains against the dollar in coming months and strengthen marginally in a year, …
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By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to open weaker against the U.S. dollar after the central bank said it will withdraw the highest value currency …
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By Nikunj Ohri and Shivangi Acharya (Reuters) – India’s rupee trade settlement mechanism, a means of using rupees instead of dollars and other big currencies for international transactions, is attracting …
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NEW DELHI (Reuters) – India’s central bank has given approval to banks to open 12 special “vostro accounts” for trade in rupees with trading partners, its Executive Director Deepak Kumar …
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BENGALURU (Reuters) – India’s central bank has allowed HDFC Bank Ltd and Canara Bank Ltd to open a special “vostro account” for trade in rupees with Russia, local newspaper Business …
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BENGALURU (Reuters) – The Reserve Bank of India (RBI) will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on Nov. 1, it said on Monday, identifying …
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MOSCOW (Reuters) – Russia’s dominant lender Sberbank is offering clients “vostro” accounts in rupees at its branches in India, aiming to facilitate clients in carrying out rupee-denominated trade transactions which …
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By Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India has been selling dollars in the non-deliverable forward (NDF) market via local banks based in India’s GIFT City International …
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MUMBAI (Reuters) – The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee slid below 82 to a record low against the dollar on …
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MUMBAI (Reuters) – The Indian central bank likely sold dollars via state-run banks on Wednesday as rising Treasury yields and mounting risk aversion pushed the rupee to a record low, …
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MUMBAI (Reuters) – The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee extended losses to hit a record low, three traders told Reuters. …
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By Ira Dugal and Aftab Ahmed NEW DELHI (Reuters) -The Indian government is not averse to a weaker rupee in line with global market fundamentals, a senior official told Reuters, …
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The Reserve Bank of India will conduct an overnight variable rate repo auction for 500 billion Indian rupees ($6.25 billion) on Thursday, the central bank said. “On a review of …
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NEW DELHI (Reuters) – India does not need to defend the rupee because its economic fundamentals are such that the currency can take care of itself, the country’s chief economic …
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By Arsh Tushar Mogre BENGALURU – India’s rupee will trade near its historic low in the coming three months, despite a recent recovery, based on a widening trade deficit and …
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ISLAMABAD – Pakistan imports fell by more than a third in July after a ban on non-essentials, the finance minister said on Sunday, adding the improved trade situation will reduce …
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By Swati Bhat and Anushka Trivedi MUMBAI -The Indian rupee rose to its highest in more than a week on Monday afternoon tracking broad losses in the dollar, while bond …
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By Savio Shetty and Divya Chowdhury MUMBAI – The Reserve Bank of India (RBI) is justified in using the country’s foreign exchange reserves to smooth out volatility in the rupee’s …
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By Swati Bhat and Aftab Ahmed MUMBAI/NEW DELHI -India’s central bank is prepared to sell a sixth of its foreign exchange reserves to defend the rupee against a rapid depreciation …
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By Swati Bhat MUMBAI -The Indian rupee hit a record low on Friday and weakened for a 11th straight week as foreign investors continued to dump riskier assets amid rising …